The bullish DailyPlay we chose for Friday Feb 2nd is Boeing (BA). BA is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 4.56% move higher and its 1m and 6m trend has turned bullish on 11/27 and recently bounced higher off its $78 support level.
Boeing’s 1m and 6m trends turned bullish on 11/2 and recently broke above its $350 resistance level which now becomes support. With a technical score of 10 (out of 10), BA is a strong bullish stock that will likely continue higher.
As a stop loss, if BA was to trade below $350 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options w/ OptionsPlay’s new Educational Webinar Series!